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FFFFX Fidelity Freedom® 2040

  • Fund
  • FFFFX
  • Price as of: Dec 09, 2016
  • $9.39
  • + $0.02
  • + 0.21%
  • Category
  • Target Retirement Date

FFFFX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 9.3%
  • Net Assets $6.73 B
  • Holdings in Top 10 76.2%

52 WEEK LOW AND HIGH

$9.39
$7.74
$9.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return 9.5%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 9.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Freedom® 2040 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 06, 2000
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

Fund Description

The Fidelity Freedom 2040 Fund (FFFFX) is a target-date fund of funds. Using a specified glide path, FFFFX invests in other Fidelity funds, specifically, 24 different active and index funds. The fund provides exposure to both domestic and international stocks of all market caps. Additionally, both domestic and foreign investment-grade bonds, commodities and real estate are included in the fund’s holdings. As FFFFX approaches 2040, it will reduce its exposure to equities and increase its holdings in fixed-income securities.

Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFFX is perfect as a core option for investors looking to retire around the year 2040.

FFFFX - Performance

Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -40.4% 15.2% 45.68% 3
1 Yr 5.1% -20.8% 17.3% 14.20% 1
3 Yr 4.8% * -0.8% 6.5% 8.30% 1
5 Yr 9.3% * 0.9% 11.3% 21.85% 2
10 Yr 4.3% * 0.6% 5.9% 38.78% 2

* Annualized


Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.9% -33.1% 0.0% 45.91% 3
2014 -1.9% -33.3% 7.6% 58.03% 4
2013 15.3% -8.5% 23.9% 35.10% 3
2012 12.2% 0.0% 15.8% 23.78% 2
2011 -8.1% -26.6% 14.6% 72.23% 5

Total Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.5% -40.4% 15.2% 12.29% 1
1 Yr 5.1% -23.4% 21.2% 12.85% 1
3 Yr 4.8% * -2.1% 13.0% 8.17% 1
5 Yr 9.3% * -0.3% 11.3% 20.30% 2
10 Yr 4.3% * 0.0% 5.9% 36.17% 2

* Annualized


Total Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.0% -25.3% 5.0% 8.01% 1
2014 6.5% -4.8% 11.9% 29.94% 2
2013 27.2% -6.7% 49.0% 22.42% 2
2012 20.3% 0.0% 43.6% 23.44% 2
2011 -6.5% -16.4% 19.3% 83.40% 5

NAV & Total Return History

FFFFX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

FFFFX Category Low Category High FFFFX % Rank Quintile
Net Assets 6.73 B 333 K 31.8 B 1.66% 1
Number of Holdings 27 2 9892 2.39% 2
Net Assets in Top 10 5.04 B 209 K 31.3 B 1.56% 1
Weighting of Top 10 76.2% 2.3% 103.8% 16.82% 3

Top 10 Holdings

  1. Fidelity® Series Equity-Income 9.98%
  2. Fidelity® Series International Growth 9.00%
  3. Fidelity® Series International Value 9.26%
  4. Fidelity® Series Growth Company 8.44%
  5. Fidelity® Series Growth & Income 7.33%
  6. Fidelity® Series Emerging Markets 10.14%
  7. Fidelity® Series Blue Chip Growth 4.88%
  8. Fidelity® Series Stk Selec Lg Cp Val 6.89%
  9. Fidelity® Series Intrinsic Opps 5.68%
  10. Fidelity® Series Opportunistic Insights 4.62%

Asset Allocation

Weighting Category Low Category High FFFFX % Rank Quintile
Stocks
89.13% 0.37% 98.39% 2.18% 1
Bonds
4.92% -0.11% 101.10% 26.64% 5
Cash
4.77% -32.35% 96.00% 11.99% 3
Other
0.59% -2.06% 47.06% 13.91% 4
Preferred Stocks
0.52% 0.00% 7.52% 0.67% 1
Convertible Bonds
0.07% 0.00% 4.38% 2.60% 2

Stock Sector Breakdown

Weighting Category Low Category High FFFFX % Rank Quintile
Technology
16.68% 0.02% 23.27% 0.78% 1
Financial Services
15.20% 0.18% 17.43% 1.14% 1
Consumer Cyclical
11.66% 0.03% 15.53% 2.03% 1
Healthcare
11.58% 0.04% 15.56% 1.30% 1
Industrials
8.50% 0.04% 12.08% 6.96% 2
Consumer Defense
8.06% 0.03% 10.69% 2.91% 1
Energy
5.97% 0.07% 7.94% 1.45% 1
Basic Materials
3.22% 0.03% 6.73% 7.06% 3
Communication Services
2.91% 0.04% 4.81% 4.47% 2
Real Estate
2.84% 0.03% 18.17% 10.18% 3
Utilities
2.00% 0.00% 4.48% 5.97% 3

Stock Geographic Breakdown

Weighting Category Low Category High FFFFX % Rank Quintile
US
57.77% 0.06% 70.08% 4.72% 1
Non US
31.36% 0.00% 54.00% 2.80% 1

Bond Sector Breakdown

Weighting Category Low Category High FFFFX % Rank Quintile
Cash & Equivalents
4.71% -46.20% 96.00% 12.15% 3
Corporate
3.71% 0.00% 54.04% 21.03% 4
Government
1.55% -27.29% 95.60% 23.52% 5
Securitized
0.23% 0.00% 28.49% 22.74% 5
Derivative
0.06% -30.52% 57.07% 1.71% 1
Municipal
0.01% 0.00% 7.56% 4.62% 5

Bond Geographic Breakdown

Weighting Category Low Category High FFFFX % Rank Quintile
US
3.58% -4.11% 95.60% 25.86% 5
Non US
1.34% 0.00% 25.33% 19.42% 5

FFFFX - Expenses

Operational Fees

FFFFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 47.30% 17.29% 1
Management Fee 0.00% 0.00% 0.92% 2.40% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

FFFFX Fees (% of AUM) Category Low Category High FFFFX Rank Quintile
Front Load N/A 3.00% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

FFFFX Fees (% of AUM) Category Low Category High FFFFX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FFFFX Fees (% of AUM) Category Low Category High FFFFX Rank Quintile
Turnover 16.00% 0.00% 333.00% 6.54% 2

FFFFX - Distributions

Dividend Yield Analysis

FFFFX Category Low Category High FFFFX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.21% 67.90% 5

Dividend Distribution Analysis

FFFFX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FFFFX Category Low Category High FFFFX % Rank Quintile
Net Income Ratio 1.47% -0.93% 10.75% 11.68% 4

Capital Gain Distribution Analysis

FFFFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FFFFX - Managers

Andrew Dierdorf

Manager

Start Date

Jun 30, 2011

Tenure

5.42

Tenure Rank

1.2%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments and is responsible for managing Fidelity’s target date portfolios, including the Pyramis Lifecycle portfolios. He is also a co-manager for the Four in One Index Fund, Global Strategies Fund, and Tactical Strategies Fund. Andrew earned his Bachelor of Science degree in statistics from the University of Delaware, where he also minored in economics. He is a Chartered Financial Analyst charterholder.


Brett F. Sumsion

Manager

Start Date

Jan 21, 2014

Tenure

2.86

Tenure Rank

1.9%

Brett Sumsion is a portfolio manager within the Global Asset Allocation group at Fidelity Investments. Brett co-manages Fidelity Income Replacement Funds, Pyramis Lifecycle Funds, Fidelity ClearPath Retirement Portfolios, ClearPath Lifecycle Solutions and Fidelity Income Replacement Portfolios. Brett earned his Bachelor of Arts degree in economics from Brigham Young University and his MBA in finance from The Wharton School at the University of Pennsylvania.


Tenure Analysis

Category Low

0.0

Category High

14.2

Category Average

4.92

Category Mode

1.9